2000 Réis

Brazil's 500-fine silver coinage of the 1920s and 1930s reflected a deliberate debasement from the earlier .900 standard, a consequence of chronic fiscal pressure following World War I and the collapse of coffee export revenues. The 1924 reduction in silver content was not unique to Brazil — it mirrored similar moves across Latin America as governments struggled to maintain metallic coinage without the bullion reserves to back it.

KM#526 spans a decade of considerable political turbulence, ending the year Getúlio Vargas consolidated power after the 1930 revolution. Late-date examples from 1933–1934 are notably scarcer by mintage.